Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Stock Price Down 0.2% – Here’s What Happened

Shares of Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) traded down 0.2% on Monday . The stock traded as low as $65.98 and last traded at $66.00. 626 shares were traded during mid-day trading, a decline of 88% from the average session volume of 5,185 shares. The stock had previously closed at $66.16.

Invesco S&P SmallCap Utilities & Communication Services ETF Stock Down 0.2%

The company has a 50-day simple moving average of $63.57 and a two-hundred day simple moving average of $60.10. The stock has a market cap of $15.84 million, a P/E ratio of 18.18 and a beta of 0.74.

Invesco S&P SmallCap Utilities & Communication Services ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a dividend of $0.1155 per share. This represents a $0.46 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, March 23rd.

Hedge Funds Weigh In On Invesco S&P SmallCap Utilities & Communication Services ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. IHT Wealth Management LLC raised its stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 121.7% during the fourth quarter. IHT Wealth Management LLC now owns 22,259 shares of the company’s stock valued at $1,280,000 after acquiring an additional 12,219 shares during the last quarter. Virtu Financial LLC raised its stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 51.8% during the third quarter. Virtu Financial LLC now owns 12,837 shares of the company’s stock valued at $738,000 after acquiring an additional 4,378 shares during the last quarter. Parr Mcknight Wealth Management Group LLC bought a new position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF during the first quarter valued at about $501,000. Tower Research Capital LLC TRC raised its stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 3.0% during the second quarter. Tower Research Capital LLC TRC now owns 6,999 shares of the company’s stock valued at $389,000 after acquiring an additional 202 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF during the third quarter valued at approximately $58,000.

About Invesco S&P SmallCap Utilities & Communication Services ETF

PowerShares S&P SmallCap Utilities Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of the index called the S&P SmallCap 600 Capped Utilities & Telecom Services Index (the Underlying Index). The Underlying Index consists of common stocks of United States utility companies. These companies are principally engaged in providing either energy, water or natural gas utilities, as well as services designed to promote or enhance the transmission of voice, data and video over various communications media, including wireline, wireless (terrestrial-based), satellite and cable.